Press release

The Euro Banking Association (EBA) today issued a note zooming in on the challenges related to the implementation of Verification of Payee requirements under the Instant Payments Regulation, with particular emphasis on the implications for the processing of payment orders submitted in bulks, i.e. file formats, by payment service users.

The Euro Banking Association (EBA) today announced the publication of a new report by its Liquidity Management Working Group (LMWG). “Navigating new waters: The ripple effects of regulation on liquidity management” addresses the changes that the EU’s application of Basel III, the third Capital Requirements Regulation (CRR III), will bring to today’s capital adequacy measures.

The Euro Banking Association (EBA) today released the findings of the EBA survey on cross-border payments initiatives. The survey was developed by the EBA Expert Group on Cross-Border Payments (EGXP) and was conducted earlier this year. The EBA invited its member banks to provide feedback on two core aspects: the extent to which relevant industry…

The Euro Banking Association (EBA) today released a new report by its Digital Currencies & Smart Payments Working Group. “Re-inventing money: Considerations on future requirements for new forms of digital money” explores future requirements for new forms of digital money with a focus on its use for corporate customers. The report investigates how technological innovations…

The Euro Banking Association (EBA) today released recommendations to help practitioners deal with Instant Payments Regulation requirements for euro instant payments involving a currency conversion. Driven by representatives of 18 account-servicing payment service providers (AS-PSPs) from 11 European countries, the recommendation note spells out how foreign exchange (FX) experts and other payment practitioners understand the regulation…

The Euro Banking Association (EBA) today released a report on “Navigating the path to embedded finance”. The report is based on research by the EBA’s Open Finance Working Group (OFWG), which aims to provide guidance for EBA members to understand the fundamental mechanisms of embedded finance, grasp the opportunities it provides, identify promising embedded finance…

The Euro Banking Association (EBA) today issued version 5.0 of the EBA Fraud Taxonomy, which will take effect on 1 January 2025. The taxonomy offers a common pan-European vocabulary and categorisation approach to describe fraud scenarios related to all kinds of payments, including card transactions. It has been developed by the Association’s Expert Group on…

The Euro Banking Association published recommendations aimed at improving Know Your Customer (KYC) practices in the corporate-to-bank domain across Europe with regard to the identification and handling of Politically Exposed Persons (PEPs), their family members and close associates. The new publication by the EBA Expert Group on KYC-related Topics (KYCEG) titled “EBA CBCS – Identification…

The Euro Banking Association’s (EBA) Liquidity Management Working Group (LMWG) today published its latest findings on recent developments in the liquidity management arena: Achieving liquidity efficiency in an “imperfect storm” considers how high inflation, rising interest rates and elevated geopolitical uncertainty are impacting the liquidity management ecosystem, and provides guidance on how banks and corporates…